The correct answer is Option 3 -1986
The Consumer Protection Bill 2018 replaces the Consumer Protection Act which was enacted in 1986.
The new Consumer Protection Bill 2018 seeks to modernize and strengthen consumer protection laws in India to address the challenges posed by the changing market dynamics, rapid globalization, and digitalization. Some key features of the Bill include:
Establishment of a Central Consumer Protection Authority (CCPA): The Bill proposes to set up a CCPA to promote, protect, and enforce the rights of consumers.
Simplified Dispute Resolution: The Bill aims to streamline the process for consumer dispute resolution by introducing mediation as a mode of dispute settlement alongside the existing provisions for adjudication.
Product Liability: It introduces provisions for product liability action, enabling consumers to seek compensation from manufacturers, sellers, or service providers for any harm caused by defective products or deficient services.
E-Commerce: The Bill includes provisions to regulate e-commerce transactions more effectively, ensuring transparency, accountability, and protection of consumer rights in online purchases.
Enhanced Penalties: It proposes stricter penalties for misleading advertisements, adulteration, and other unfair trade practices to deter offenders and protect consumer interests. |
